Roman Butler Fullerton & Co. Takes Position in Howmet Aerospace Inc. (NYSE:HWM)

Roman Butler Fullerton & Co. bought a new position in Howmet Aerospace Inc. (NYSE:HWM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 19,486 shares of the company’s stock, valued at approximately $2,025,000.

A number of other large investors have also bought and sold shares of HWM. Massmutual Trust Co. FSB ADV boosted its stake in Howmet Aerospace by 6.8% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,944 shares of the company’s stock worth $195,000 after purchasing an additional 124 shares in the last quarter. Cigna Investments Inc. New raised its stake in shares of Howmet Aerospace by 3.8% in the second quarter. Cigna Investments Inc. New now owns 4,178 shares of the company’s stock worth $324,000 after acquiring an additional 153 shares during the last quarter. Bleakley Financial Group LLC lifted its position in shares of Howmet Aerospace by 3.2% during the first quarter. Bleakley Financial Group LLC now owns 5,080 shares of the company’s stock worth $348,000 after purchasing an additional 158 shares in the last quarter. HB Wealth Management LLC grew its stake in shares of Howmet Aerospace by 4.9% during the second quarter. HB Wealth Management LLC now owns 3,664 shares of the company’s stock valued at $284,000 after purchasing an additional 171 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Howmet Aerospace by 7.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,609 shares of the company’s stock valued at $203,000 after purchasing an additional 178 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Ken Giacobbe sold 154,909 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total value of $14,961,111.22. Following the sale, the chief financial officer now directly owns 155,135 shares in the company, valued at $14,982,938.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Neil Edward Marchuk sold 70,637 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $96.94, for a total value of $6,847,550.78. Following the completion of the transaction, the executive vice president now owns 92,687 shares of the company’s stock, valued at approximately $8,985,077.78. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ken Giacobbe sold 154,909 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total transaction of $14,961,111.22. Following the sale, the chief financial officer now directly owns 155,135 shares in the company, valued at $14,982,938.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.12% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Truist Financial upped their price target on Howmet Aerospace from $105.00 to $123.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Susquehanna began coverage on shares of Howmet Aerospace in a research note on Tuesday, October 8th. They issued a “positive” rating and a $120.00 target price on the stock. Royal Bank of Canada boosted their price target on shares of Howmet Aerospace from $90.00 to $105.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Barclays raised their price objective on shares of Howmet Aerospace from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, Sanford C. Bernstein lifted their target price on shares of Howmet Aerospace from $113.00 to $127.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Howmet Aerospace presently has a consensus rating of “Moderate Buy” and an average target price of $101.50.

Howmet Aerospace Stock Performance

Shares of HWM stock opened at $100.03 on Monday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.74 and a current ratio of 1.53. Howmet Aerospace Inc. has a 52 week low of $47.72 and a 52 week high of $106.93. The company’s 50 day moving average price is $99.22 and its two-hundred day moving average price is $88.05. The company has a market capitalization of $40.83 billion, a P/E ratio of 44.26, a price-to-earnings-growth ratio of 1.45 and a beta of 1.46.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Friday, November 8th will be given a $0.08 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.32%. Howmet Aerospace’s dividend payout ratio is currently 14.16%.

About Howmet Aerospace

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.